Man Group plc Has $16.61 Million Stock Position in Boyd Gaming Co. (NYSE:BYD)

Man Group plc trimmed its holdings in Boyd Gaming Co. (NYSE:BYD - Free Report) by 27.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 228,936 shares of the company's stock after selling 88,489 shares during the quarter. Man Group plc owned 0.26% of Boyd Gaming worth $16,607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. UMB Bank n.a. raised its holdings in shares of Boyd Gaming by 80.3% in the 4th quarter. UMB Bank n.a. now owns 393 shares of the company's stock worth $29,000 after purchasing an additional 175 shares in the last quarter. CoreCap Advisors LLC increased its holdings in shares of Boyd Gaming by 91.0% in the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock valued at $42,000 after buying an additional 273 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Boyd Gaming in the fourth quarter valued at $67,000. Investment Counsel Co. of Nevada acquired a new stake in shares of Boyd Gaming during the 4th quarter valued at $73,000. Finally, Allworth Financial LP boosted its stake in shares of Boyd Gaming by 2,735.1% during the 4th quarter. Allworth Financial LP now owns 1,049 shares of the company's stock worth $79,000 after acquiring an additional 1,012 shares in the last quarter. Institutional investors own 76.81% of the company's stock.

Boyd Gaming Stock Up 0.7%

Shares of NYSE:BYD traded up $0.48 during midday trading on Thursday, hitting $73.49. 164,531 shares of the stock were exchanged, compared to its average volume of 944,240. The business's fifty day simple moving average is $68.18 and its two-hundred day simple moving average is $71.85. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $80.50. The company has a market capitalization of $5.98 billion, a PE ratio of 11.82, a P/E/G ratio of 4.46 and a beta of 1.32.

Boyd Gaming (NYSE:BYD - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.10. The company had revenue of $991.57 million during the quarter, compared to the consensus estimate of $976.38 million. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The business's quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $1.51 EPS. As a group, research analysts predict that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.98%. The ex-dividend date is Monday, June 16th. Boyd Gaming's payout ratio is presently 11.75%.

Insider Buying and Selling at Boyd Gaming

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,125 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $75.28, for a total value of $84,690.00. Following the completion of the sale, the director now owns 4,852 shares of the company's stock, valued at $365,258.56. The trade was a 18.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 27.94% of the company's stock.

Analyst Upgrades and Downgrades

BYD has been the subject of several recent analyst reports. Truist Financial decreased their target price on shares of Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Stifel Nicolaus decreased their price objective on shares of Boyd Gaming from $82.00 to $71.00 and set a "hold" rating for the company in a research note on Friday, April 25th. Wall Street Zen downgraded shares of Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th. Barclays reduced their target price on Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company lifted their price target on Boyd Gaming from $82.00 to $88.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $79.67.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.